HomeMy WebLinkAboutOrdinance 21965-11-2015 ORDINANCE NO. 21965-11-2015
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CULTURE & TOURISM FUND BY $200,000, AND
DECREASING UNASSIGNED FUND BALANCE BY THE SAME AMOUNT, FOR
THE PURPOSE OF MAKING A TRANSFER TO THE CULTURE & TOURISM
CAPITAL PROJECTS FUND; PROVIDING FOR A SEVERABILITY CLAUSE;
MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES;
REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND
PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION 1.
That in addition to those amounts allocated to the various City departments for Fiscal Year 2015-2016 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Culture & Tourism Fund in the amount of$200,000, and decreased unassigned fund balance in the same
amount,for the purpose of making a transfer to the Culture&Tourism Capital Projects Fund.
SECTION 2.
That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or
void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way
impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining
provisions shall be and remain in full force and effect.
SECTION 3.
That this ordinance shall be cumulative of Ordinance No. 21873-09-2015 and all other ordinances and
appropriations amending the same except in those instances where the provisions of this ordinance are in
direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions
of said prior ordinances and appropriations are hereby expressly repeated.
SECTION 4.
This ordinance shall take effect upon adoption.
APPROVED AS TO.ORM AND LEGALITY:
Der C. Mc l oy, Sr. Asst. City Attorney a e C4 Secretary
ecretary
ADOPTED AND EFFECTIVE: November 10, 2015
Ordinance No.21965-11-2015
Page 1 of I
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 11/10/2015 - Ordinance No. 21965-11-2015 &21'966-11-
2015
DATE: Tuesday, November 10, 2015 REFERENCE O.: **G-18604
LOG NAME: 252015ARENAEXPT ANSFER
SUBJECT:
Authorize Transfer of$200,000,00 from the Culture & Tourism Fund to the Culture & Tourism Capital
Projects Fund for Continuing Expenses of the Multi-Purpose Arena and Adopt Appropriation Ordinances
(COUNCIL DISTRICT 7)
RECOMMENDATION.
It is recommended that the City Council.
1. Adept the attached ordinance increasing estimated receipts and appropriations in the Culture
Tourism Fund by $200,000.00 and decreasing the unassigned fund balance by the same amount for
purposes of making a transfer tote Culture & Tourism Capital Projects Fundy
2. Authorize the transfer of$200,000.00 from the Culture & Tourism Fund to the Culture & Tourism
Capital Projects Fund for startup costs associated with the Multi-purpose Arena Project°, and
. Adopt the attached ordinance increasing estimated receipts and appropriations in the Culture
Tourism Capital Projects Fund in the amount of $200,000.00, from available fur-ids, for the Multi-purpose
Arena Project startup costs.
DISCUSSION:
The purpose of this Mayor and Council Communication (M .C) is to re-appropriate funds that had
previously been allocated for use on startup costs associated with the Multi-purpose Arena adjacent to the
Will Rogers Memorial Center (WRMC) and to transfer those funds to a capital project account to allow for
proper accounting,
On January 6, 2015, the City Council authorized the supplemeintal appropriation of$200,000.00 from fun
balance in the Culture & Tourism Fund to pay for appraisal and other pre-development expenses related
to land acquisition forte Multi-purpose Arena Project (MC G 16366), The majority of those funds
remained unspent and unencumbered as of the end of the fiscal year and, as an operating-fund
appropriation, the remainder was returned to fund balance when the fiscal year closed.
Approval oft is M&C would again appropriate those funds in the current budget of the Culture & Tourism
Fund and then transfer them o the Culture & Tourism Capital Projects Fund so that all expenditures
related to the Multi-purpose Arena are appropriately recorded in capital projects and capital project
funds.
An Inter-Office Communication dated October 20, 20154 was processed to authorize journal entries an
adjustments that moved the expenses that were originally incurred in the operating fund against the
January appropriation over to the capital project fund. This action served two purposes (1) ensuring all
t.,a�m m,"mm:�mmue: 252015. ,.I�.E A1"1XP II`R.A " 6"EI
Page t rm 2
Arena Project expenses are consistently and properl'.y accounted for; and (2) moving the expenditures to
the same fund where the dollars are being re-appropriated t o e nsure the total amount allocated for these
initial startup costs does not exceed the $200,000,00 that was originally authorized.
Completion of those actions and approval of this M&C would allow the budget and project-to-date
expenses to be synchronized.
The Multi-purpose Arena Project is physically located in COUNCIL DISTRICT 7, but will serve Fort Worth
residents in ALL COUNCIL DISTRICTS.
................ ................
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendation,
funds will be available in the Culture & Tourism Capital Projects Fund.
FUND IDENT1F1ERaAE1QjiJ:
TO
Fund Department Account Project Program Activity udc t Reference # Amount
ID ID Year (Chartfiel
_4_9_20101 C-4,---0-0-64, -0,0__0-0-0- "C,0"... '200,000.00
3010_1,.............._................ . ........ --------- -I-
30101 0240,450 5330500 040004 00000 000780 2016 200,00U0
1)20101 0246050 [-5, 6661-0 - - - _' -r"- ',"------ --
200,000,9
............... ..........- ......... _qJ
FROM .......... ................................ ............... ............. ........................
Department ccount Project ProgramActivity Budget e
Fund Dep ID ID Year Reference Amount
hartfie
.............. ................. -------
[f $200,000,00
............... ------------ ...................._nn ............
CERTIFICATIONS:
Submitted for City Manager's_Office�b , Susan Alanis ( 1 0)
Originating Department Head: Kirk Slaughter (2501)
Additional Information Contact: Betty Tanner (2502)
............ .......
P age 2 of 2
L,ogname: 252015ARENAI-�',XPI'R..ANSFI..,R